Mixed-Use Development
For Sale
$193,000
232-242 Elk Street, Albany, NY 12206
Urban land with MU-CU zoning supporting residential, office, medical, cultural, and general commercial uses.
Property Size20,037 SF
Price / SF$9.63
Days on Market223
Property Features for 232-242 Elk Street
General Information
Standard status
Active
Size
20,037 SF
Property subtype
Land / Unimproved Land
Zoning
Mixed
Listing Agency:
NAI Platform LLC
(518) 779-0107
Listed By:
Anton Pasquill · License #10401318851
(518) 779-0107
Source:
Compass
Added: Jan 19
Changed: Aug 29
Last Checked: Aug 29 at 2:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Platform LLC
Investment Insights
Based on property information with market context.
This 0.46-acre commercial land parcel at 232-242 Elk Street provides 20,037 square feet within Albany’s West Hill neighborhood. The site carries MU-CU, or mixed-use community urban, zoning and is positioned for a range of residential and commercial development options.
Permitted as-of-right and/or conditional uses include multi-unit housing, community residential facilities, dormitories, group living, clubs, community centers, cultural facilities, general commercial operations, general offices, and medical clinics. Zoning standards allow up to 90% impervious lot coverage, require no minimum setbacks, and provide 75 feet of air rights across 5 stories.
Permitted as-of-right and/or conditional uses include multi-unit housing, community residential facilities, dormitories, group living, clubs, community centers, cultural facilities, general commercial operations, general offices, and medical clinics. Zoning standards allow up to 90% impervious lot coverage, require no minimum setbacks, and provide 75 feet of air rights across 5 stories.
Key Highlights
- 0.46‑acre commercial land parcel totaling 20,037 square feet
- MU‑CU mixed‑use community urban zoning
- Permitted or conditional uses include multi‑unit dwelling, general commercial, office, and medical clinic
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,078
Businesses Nearby
Explore this area
Business Placement
Demographics for 12206, NY
17,219
Population
8,641
Households
2
Avg Household Size
32
Median Age
26%
College-Educated
84%
High-School Grad
2.1 sq mi
ZIP Area
8,200
Density / Sq Mi
$38,931
Median Household Income
$28,087
Median Earnings
$1,189
Median Rent
$162,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Urban land with MU-CU zoning supporting residential, office, medical, cultural, and general commercial uses.
Where is this commercial land located?
The property is located at 232-242 Elk Street Albany, NY.
What is the asking price?
The asking price for this property is $193,000.
What are key features of this property?
This property features: 0.46‑acre commercial land parcel totaling 20,037 square feet; MU‑CU mixed‑use community urban zoning; Permitted or conditional uses include multi‑unit dwelling, general commercial, office, and medical clinic
